Maui, Hawaii – Popular Restaurant
www.GlobalBX.com
Listing ID:
700374986
Listing Title:
Maui, Hawaii – Popular Restaurant
Quick Link:
http://www.globalbx.com/listing.asp?bId=374986
Industry:
Food and Beverage
Industry Segment:
Restaurants and Fast Food (Non-Franchise)
Country:
United States
State / Province:
Hawaii
Area
City:
Asking Price Range:
$500K - $1.0M
Gross Revenues:
$1,253,000
Cash Flow:
$397,000
Cash Flow Type:
Sellers Discretionary Cash
Year Established:
2004
Number of Employees:
20 - 34
Business Description:
This very profitable restaurant (with a full liquor license) is located in one of Maui's most popular tourists' locales and has great foot traffic. Their casual menu is enjoyed by visitors and residents alike. Their customer mix is about 75% visitors and 25% residents, so they are less dependent on the tourist market.
They have been in business for almost 20 years and their friendly, easy-going atmosphere appeals to people of all ages and all backgrounds. They have developed a strong visitor and resident customer recognition and preference. Current service includes lunch, happy hour and dinner each day. Their prices are moderate, with entree prices in the $17 to $25 range. In 2021, 23% of sales were alcohol.
During the last full pre-Covid year of 2019, they had sales of $1.48 million, which generated over $385,000 of owner's profits (''SDE''). In the Covid recovery year of 2021, they had sales of $1.25 million, which generated over $397,000 in SDE. They expect that 2022 will be an excellent year.
The business is being sold on a fully turnkey basis and is being offered because of the pending semi-retirement of the owner.
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